587 Raines Rd Memphis, TN 38109-8368

Property Details for 587 Raines Rd

Year built

1960

Lot size

0.61 lot acres

Property size

1,374 SF

Zone code

CMU-1

Property type

Auto shops

APN

076-050- - -00003

APU

7605000003

Description

This turnkey automotive service center in Memphis, TN, presents a unique opportunity for a savvy investor. Located at 587 E Raines Rd, 38109, this well-established business boasts 1,374 square feet of space in a high-traffic area. Established 18 years ago, the business specializes in tire sales (new and used), oil changes, rim repair, tire repairs, and brake services. All necessary equipment for operations is included, ensuring a seamless transition for the new owner. The building, constructed in 1960 and renovated in 2018, is in excellent condition and requires no immediate repairs. The asking price is $245,000, translating to $178.31 per square foot. The permitted zoning is 26,574. This profitable business offers a strong foundation for continued success and growth within the community. The property is situated in Shelby County and offers a ready-made customer base and excellent potential for future expansion. This is a rare opportunity to acquire a profitable, established business with significant upside potential.

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Longitude

-90.0444

Latitude

35.0345

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments